Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (5443)	8/18/2019 2:17:03 PM
From: E_K_S	Read Replies (1) \| Respond to of 7239

Astec Industries, Inc. (ASTE) is a manufacturer of specialized equipment for building and restoring the world's infrastructure. Astec's manufacturing operations are divided into four primary business segments: asphalt production equipment, mobile asphalt paving equipment, aggregate processing and mining equipment, and underground boring, directional drilling and trenching equipment. Additionally, the other group contains one subsidiary that manufactures equipment used for wood processing and recycling and one that is a company-owned dealership located in Australia. ---------------------------------------------- $639mln market cap and 14.6 PE. pays small div @ 1.6% yield. Interesting Long Term debt went up in 2018 to over $70mln and now down to $29mln. Q1 2019. Do you recall who they sold their wood pellet company too? Had one (a wood pellet manufacture/distributor) on my watch list years ago which was selling at/below BV. ASTE could be a good infrastructure play w/ exposure to the mining sector (may be good if/when gold/silver/copper demand increases). I own MDU a utility w/ a subsidiary that has an aggregate Division called MDU Resources. MDU Resources Group recently acquired Tri-City Paving, a general contractor and aggregate, asphalt and ready-mix concrete supplier. “Strategic acquisitions like this one are what built our construction materials business, and with two deals closed in the last six weeks, it is good to be in growth mode again at Knife River,” says David Goodin, president and CEO of MDU Resources Group. “We look forward to continued success in Minnesota and are optimistic about additional growth opportunities at Knife River and our other businesses.” --------------------------------------------------- In MDU, you get the revenue preditability in a utility w/ a 3% yield. Now they have an increasing growth component in MDU Resources. 18 PE no bargain IMO . .may BUY more at/below $16.50/share. Last Buy was around $14.00/share during the 2009 crash. EKS